Pending NAV and Traton Merger Transaction Begins, CADE Market Surveys
Pending merger transactions between Navistar International Corp. (NAV) and Traton SE (TRATF) are beginning to be reviewed by Brazil’s Administrative Council for Economic Defense, or CADE. 35 companies named as market participants began receiving questionnaires on March 30 and with responses requested by April 14, CADE hopes to gain some further information on how the potential merger would impact the vehicle industries that each company plays a role in including light trucks, semi-heavy trucks, heavy trucks, road buses, city buses and more.
Although NAV and TRATF filed paperwork in December 2020, CADE felt it was important to investigate the amended notification form provided by the companies. Each company owns operational subsidiaries in Brazil including MAN Latin America and Scania Latin America, as well as International Industria Automotiva da America do Sul Ltda. The review process through CADE can take 240 calendar days, and this period may be extended up to 90 days. Click through to read our detailed analysis of the merger situation between NAV and TRATF here: https://reorg.com/nav-tratf-merger/